New York, NY, September 25, 2012 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Ebad Rahman, Attorney, Torys LLP, will speak at a 2-hour webcast entitled “Financial Institutions Beware: Cloud Computing Compliance Under Guideline B-10 LIVE Webcast.” This event is scheduled for October 23, 2012 from 12pm-2pm (ET).
About Ebad Rahman
Ebad Rahman is an attorney at Torys, an international business law firm with offices in Toronto, New York and Calgary, in their Business and Technology Sourcing Practice Group. His technology practice focuses on service, technology and license agreements and conveyances of hardware, software and other intellectual property. Ebad has extensive experience advising on technology and sourcing matters. He has advised clients such as International Petroleum Investment Company, Thomson Reuters, Edgestone and The Bank of Nova Scotia.
Well-versed in computer sciences, Ebad received his BSc from York University in 2000 and worked in the software industry developing database applications for a company that specialized in electronic tolling systems. He completed his LLB from Osgoode Hall School of Law (York University) in 2003 and practised law at a large intellectual property firm, where he gained experience in all areas of patent law, before joining Torys in 2008. During his tenure at the firm, he was seconded to GlaxoSmithKline, a global healthcare company, where he was responsible for advising on commercial arrangements.
About Torys LLP
Torys LLP is a highly respected international business law firm with offices in Toronto, New York and Calgary. Torys is recognized internationally as a frequently recommended law firm in a large number of practice areas. Torys’ lawyers work together to offer seamless cross-border services to clients on both sides of the U.S.-Canada border and globally.
For more information about Ebad Rahman and Torys LLP please visit: www.torys.com/
In the last several years, cloud computing has significantly changed the way businesses protect the integrity of their data. While there are huge advantages to this model – there are also significant costs especially with respect to compliance. Financial institutions adopt cloud computing solutions as part of their mainstream business operations they too must grapple with a stepped up regulatory environment.
The Office of the Superintendent of Financial Institutions (OSFI) recently issued a memorandum under its Guideline B-10 which focuses on the following concerns:
(i) confidentiality, security and separation of property:
(ii) contingency planning;
(iii) location of records;
(iv) access and audit rights;
(v) subcontracting; and
(vi) Monitoring the material outsourcing arrangements.
The memorandum also reminds financial institutions that despite the competitive advantage cloud computing offers, they should prepare for the regulatory issues on the way particularly as suggested in OSFI’s Guideline B-10.
Going beyond the basics, the Knowledge Group has assembled a team of experts who will help you understand the most important aspects of OSFI’s Guideline B-10 with respect to cloud computing. They will present their thoughts and opinions on how to best comply with the associated requirements under Guideline B-10.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.
The organization brings together the world's leading authorities and industry participants through informative two-hour webcasts to study the impact of changes and emerging trends. Hear from leading government officials/regulators, key thought leaders, and industry experts objectively analyze the latest trends and issues and their impact on industries. For further details, please visit the organization’s website: www.knowledgecongress.org